Indices staged a "strong rebound" from yesterday's collapse......technicals were repaired in a hurry...sign of a very strong market.......
Still it will be PRUDENT to lock profits & trade with an eye on TAPE......sometimes "complacency" near TOP can cost dearly...NO..I do NOT know where the TOP is.....just being careful @ elevated level is a WISE strategy...
AH AMZN is "the superstar" UP a whopping 14.48% AH volume 4.29 million shares..all because of a major beat on EPS & Sales plus good guidance......
AH futures are all green
AH Oil UP
AH Gold UP
AH Nikkei UP .47%
VIX collapsed 6.89% to 20.69....
Friday could be the day when we hit further into S&P 500 1100 area.....
BLOG does NOT give buy or sell.
Saleem
6 comments:
SALEEM
J the Cramer says:
Cramer's 12 Stocks to Play the Recovery
Bank of America [BAC 16.52 --- UNCH (0) ]: BAC is a buy, Cramer said. He thinks the stock could go to $20.
I agree that the market is showing some signs of weakness
Still hoping for some love from my GE
Look at the oils and Nat gas plays as this is to be a cold winter! thoughts?
Best to all
SALEEM
AUY got an upgrade!
!Yamana Gold Tgt Raised To $14 From $12.50 By Natl Bank >AUY
Thursday 10/22/2009 7:57 AM ET - Dow Jones News
Yamana Gold Cut To Underperform From Sector Perform By CIBC >AUY
Tuesday 10/20/2009 10:37 AM ET - Dow Jones News
Yamana Gold Tgt Raised To $15 From $14 By Scotia >AUY
Tuesday 10/20/2009 9:19 AM ET - Dow Jones News
Yamana Gold Tgt Raised To C$14.75 From C$13.25 By Wellington >AUY
Monday 10/19/2009 2:28 PM ET - Dow Jones News
Yamana Tgt Raised To C$14.75 From C$13.25 By Wellington >AUY
Monday 10/19/2009 2:26 PM ET - Dow Jones News
BMO Had Yamana Gold At Mkt Perform >AUY
Monday 10/19/2009 10:19 AM ET - Dow Jones News
Yamana Gold Raised To Outperform By BMO >AUY
Monday 10/19/2009 10:19 AM ET - Dow Jones N
Hi Madmax,
Thanks for your note re BAC & AUY.
There is a chance that Nat gas may be in play due to winter.
Saleem
Hi Madmax,
Valero calls are being bought up. A bullish sign.
Best Regards
Hi Madmax,
GE very weak, MACD pointing down, RSI below 50. We may get to 13's yet.
Unemployment in GA 10.1% increased from last month.
Baltic Dry Index (BDI) +42 3043 nice!
I'm loading up on GNK on a pullback.
Best Regards
Standards
thanks for the update
Looks like you may get a chance to load up on GNK--$22.30 at last look
Look at DVn and CHK for gas and oil play
regards
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